Paraguay vs Turkey: Economic Indicators Comparison

Turkey with a GDP of $771.4B ranked the 19th largest economy in the world, while Paraguay ranked 94th with $40.5B. By GDP 5-years average growth and GDP per capita, Turkey and Paraguay ranked 36th vs 50th and 78th vs 104th, respectively.

Gross Domestic Product & Income

StatParaguayTurkey
GDP$40.5B$771.4B
GDP growth, 1 year3.7%2.6%
GDP growth, 5-years average4.2%4.9%
Population6.8M82M
GDP per capita$5.8k$9.4k
GDP per capita growth2.35%1.31%
Purchasing Power Parity conversion factor2453.781.61
Price level ratio of PPP conversion factor GDP to market exchange rate0.430.33
GDP per capita, PPP adjusted$13k$28k
GNI, Atlas method$39.4B$858.1B
GNI per capita$5.7k$10k
GNI, PPP adjusted$91.9B$2.3T
GNI per capita, PPP adjusted$13k$28k

Financial system and Human development

StatParaguayTurkey
Income Tax Rate10%35%
Corporate Tax Rate10%22%
Inflation, consumer prices4%16.3%
Inflation, GDP deflator2.1%16.4%
Unemployment4.7%10.9%
Economic Freedom Index6364.4
Personal Freedom Index7.36.97
Human Freedom Index7.026.96
Property Rights Index44.757.4
Judical Effectiveness Index26.453.7
Business Freedom Index60.967
Fiscal Health Index9886.1
Labor Freedom Index2949.2
Investment Freedom Index7570
Financial Freedom Index6060
Trade Freedom Index75.478
Monetary Freedom Index72.566.1
Government Spending Index88.664.1
Tax Burden Index96.176.7
Government Integrity Index29.644.6
Corruption Perceptions Index2941
Life expectancy at birth, years7477.2
Suicide mortality rate, per 100,000 people9.57.3
Mortality caused by road traffic injury, per 100,000 people22.712.3
Intentional homicides, per 100,000 people9.34.3
International tourism, number of arrivals1.2M45.8M

Government debt & reserves

StatParaguayTurkey
Central government debt, % of GDP21.6%29.1%
External debt stocks, % of GNI39.9%59%
External debt stocks$15.8B$445.1B
Short-term debt, % of total reserves60%124.1%
Total debt service, % of exports and primary income15.7%36.7%
Adjusted net savings including particulate emission damage, % of GNI14.5%11.4%
Gross savings, % of GDP23.2%27.1%
Gross capital formation, % of GDP22.4%29.6%
Total reserves including gold$7.7B$93B
Foreign direct investment net inflows$386.9M$13.1B

Exports, imports and economic structure

StatParaguayTurkey
Exports of goods and services, % of GDP36%29.5%
Imports of goods and services, % of GDP34.4%30.6%
Current account balance (balance of payments)$8.6M-$27B
Revenue excluding grants, % of GDP17.4%30.7%
Grants excluding technical cooperation, BoP$64.1M$1.3B
Personal remittances received$682.9M$1.1B
Industry including construction value added, % of GDP33.9%29.5%
Agriculture, forestry and fishing value added, % of GDP10.4%5.8%
Charges for the use of intellectual property, payments BoP$18.5M$726M
Charges for the use of intellectual property, receipts BoP$114.1M$29M
Expense, % of GDP15.6%33.9%
Government Expenditure, % of GDP19.5%34.6%

Compare with countries close by GDP per capita

Paraguay vs

CountryGDP
per capita
Population
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M

Turkey vs

CountryGDP
per capita
Population
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M